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pizzafeelsrightyesterday at 6:26 PM4 repliesview on HN

10 years returns S&P 500 (index of all those better than Musk): 261% Tesla: 2700%

Disclaimer: My portfolio is 65% Tesla.


Replies

Calavaryesterday at 6:31 PM

GME also beat the S&P 500 over the past 10 years. Is this evidence that Ryan Cohen is a business genius?

Tesla has been a meme stock for about five years now, maybe more. Its valuation correlates with Musk's abilities as a showman and media figure, not a businessman.

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Sohcahtoa82yesterday at 8:51 PM

I'd argue that Tesla's stock price is more about con artist acumen than business acumen.

TSLA currently has a P/E of ~375. That's extremely overvalued. There's no possible objective reason for TSLA to have such an extreme ratio. Even if you think Robotaxi is going to be a massive success, it would have to completely devour Lyft, Uber, and traditional taxi services all combined to even get half way to justifying that P/E, and considering the already major distrust in Tesla's FSD, I just don't see that happening.

The math doesn't math. People buy TSLA because they want to be part of Elon's cult, not because of anything to do with Tesla as a company.

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dragontameryesterday at 7:01 PM

So you are personally invested in this and openly admit to it. And yet expect me to take a discussion with you seriously?

Normally the way this works, is you excuse yourself away from a debate for being too financially involved in the situation, knowing that your financial bias is too overwhelming.

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